The Texas Bond Review Board is reporting Midland’s five taxing entities are claiming more than $714 million in total debt payments as of Aug. 31, 2013 -- an increase of nearly $46 million compared to the previous year.

The Review Board’s website showed Midland County, “Midland Junior College,” the city of Midland, Midland Hospital District and Midland ISD owed $469,618,417 in principal and $244,632,347 in interest payments. In 2013’s report, which took into account numbers as of Aug. 31, 2012, the TBRB reported the five entities owed a combined $442 million in principal payments and $668 million in total payments.

While four of the five entities paid down total debt payments, Midland ISD’s increased from $166.25 million to $258 million ($164,061,365 in principal and $94,114,353 in interest). According to the TBRB’s website, MISD took out bonds for $70.175 million. Add another $46 million-plus in interest and the total moves to $116.47 million. That bond money is related $163 million bond referendum in November 2012. The rest of principal -- $90 million-plus -- is expected to show up in future bond reports.

A new addition to the Texas Bond Review Board report is the disclosure of $452 million in total bond payments for the Midland County Fresh Water Supply District No. 1. The TBRB shows $196.56 million in principal and $256.328 million in interest for the district. Those bonds are related to the construction of the T-Bar Ranch pipeline from Winkler County to Midland.

Jay Edwards, general manager of the fresh water district, said the $452 million will be paid off in about 32 years, or earlier if the city of Midland’s water demand increases. The city provides the district a monthly payment for delivering T-Bar water at a rate $2.78 per thousand gallons at an average of 10 million gallons per day. The monthly payments are then put into a trustee bank. In turn, the bank makes a payment on the interest every six months and a payment on the principal every 12 months.